BMO Capital Markets Cuts Air Canada (TSE:AC) Price Target to C$26.00

Air Canada (TSE:AC) had its target price lowered by analysts at BMO Capital Markets from C$27.00 to C$26.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 44.36% from the stock’s current price.

Several other analysts also recently commented on AC. Canadian Imperial Bank of Commerce raised their price objective on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Raymond James Financial downgraded shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group increased their price target on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday. Canaccord Genuity Group lowered shares of Air Canada from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$28.00 to C$21.00 in a report on Friday, March 13th. Finally, Stifel Nicolaus upped their price objective on Air Canada from C$24.00 to C$28.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$24.58.

Air Canada Stock Up 2.9%

Shares of TSE:AC traded up C$0.50 on Tuesday, hitting C$18.01. 1,701,234 shares of the company traded hands, compared to its average volume of 2,999,885. The stock has a 50 day simple moving average of C$19.16 and a 200-day simple moving average of C$18.88. The company has a quick ratio of 1.06, a current ratio of 0.56 and a debt-to-equity ratio of 446.78. The company has a market cap of C$5.30 billion, a PE ratio of 9.68, a PEG ratio of 0.02 and a beta of 1.56. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$23.72.

Air Canada News Roundup

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Board signals orderly succession: Air Canada disclosed that CEO Michael Rousseau will retire by end‑of‑Q3 2026, will remain in charge during a comprehensive CEO search and will continue to serve on the Board — an outcome that reduces near‑term leadership disruption. Air Canada Board of Directors announces the retirement of President and Chief Executive Officer
• Neutral Sentiment: Valuation and analyst mix: a fair‑value model was nudged slightly lower to CA$24.11 (from CA$24.36); Street targets remain split (roughly CA$22–27 on the bullish side and CA$17–23 from cautious analysts) as fuel and growth assumptions are re‑priced. Watch fuel costs and capacity guidance for direction. How The Air Canada (TSX:AC) Story Is Shifting With Fuel Costs And Growth Concerns
• Neutral Sentiment: Market coverage & watchlist mentions: Air Canada appeared in sector roundups and “stocks to watch” recaps, keeping it on traders’ radars but without new operational data. These items tend to boost short‑term attention/volatility rather than change fundamentals. Auto & Transport Roundup: Market Talk
• Negative Sentiment: Reputational concerns from leadership coverage: a recent piece criticized the ousted CEO for language and crisis‑management failures — negative PR that can amplify investor worries about corporate governance and crisis handling. Ousted Air Canada CEO failed to speak French—and forgot the basics of crisis leadership
• Negative Sentiment: Operational/PR risk from recent accident: the company’s annual meeting/proxy filing includes condolences for victims of the AC8646 accident — this ongoing incident could bring regulatory, legal, insurance and reputational fallout that investors should monitor. Air Canada 2026 annual meeting and proxy circular

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.